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10/28/2013

Chris Wallace explains to Juan Williams that there is no free lunch with Obamacare

I had one minor point on Brit Hume's discussion with Juan Williams about the changes in the health insurance mandates under Obamacare. When Williams said that the new policies were going to be a better deal for people Hume responded that it "may or may not be a better deal for the people involved." The point I would have made is that people could always buy that increased coverage before Obamacare, but they chose not to do so. Economists call this "revealed preference," and it is clear that people didn't think that buying that increased coverage was going to make them better off.